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Exxaro output, sales for the year on par with last year despite dampened markets

By: Marleny Arnoldi     3rd December 2020 In a pre-close update provided on December 3, JSE-listed diversified miner Exxaro Resources said the easing of Covid-19 lockdowns around the world in the latter part of the year had helped to increase coal offtake volumes in both the domestic and international markets. FD Riaan Koppeschaar... 

Insurers might be shunning coal, but they still like fossil fuels

By: Bloomberg     2nd December 2020 Even as more insurers across the globe back away from coal, many in the US continue to encourage fossil fuel pollution by underwriting the risk involved in oil and gas exploration and production. At least 65 insurers representing $12-trillion worth in assets have either begun divesting coal... 

Resources Watch  

26th November 2020 Iridium breakthrough a boost for green hydrogen economy, PGMs mining; Chrome producers want ferrochrome solutions that exclude export tax; and, company designs, constructs ventilation and cooling systems for mines 

Reforms, development in Zimbabwean gold sector ‘crucial’

By: Simone Liedtke     24th November 2020 The instability in Zimbabwe, caused by a spike in violence in the country’s gold mining sector over the last year, has eroded the export revenue that President Emmerson Mnangagwa’s government “urgently needs to keep the country’s struggling economy afloat,” independent non-governmental... 

De Beers Namibian diamond venture gets tax break to extend operations 

By: Reuters     20th November 2020 Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, has been granted a holiday on royalty payments, the country's mining ministry said on Friday in bid to save jobs in the shrinking sector. Diamonds have been mined in Namibia since 1908, but... 

Wescoal starts retrenchment process as low domestic, export demand persists

By: Creamer Media Reporter      18th November 2020 Coal miner Wescoal has started the process to implement group-wide retrenchments, noting that this is necessary in light of lower demand from key customers, a lower selling price, above-inflation cost increases and the negative impact of Covid-19 on the company, which has necessitated a... 

Keystone XL gets Indigenous investment with hopes to woo Biden

By: Bloomberg     18th November 2020 Keystone XL is receiving an investment from Canadian indigenous groups in a deal that TC Energy hopes will help save its embattled oil pipeline project from being scrapped by US President-elect Joe Biden. Natural Law Energy, a group of five first nations in Alberta and Saskatchewan, will make an... 

BHP's Henry urges stability in Australian trade

By: Esmarie Iannucci     18th November 2020 Diversified miner BHP has urged the Australian government to maintain its trade relationships as political tensions with China continue. BHP CEO Mike Henry said tension in international relations was antithetical to the prosperity of Australia, and the world, and was a trend that is in all of... 

Industry players need to ‘join hands’ to promote, build African beneficiation, processing industry

By: Simone Liedtke     17th November 2020 For Africa to advance its beneficiation and processing industry in a manner that will support growth, assure a return on investment and stimulate local economies, the continent will have to find a way to connect various elements of the decision making process and stakeholders, says information... 

Tasmania steps into hydrogen territory

By: Esmarie Iannucci     17th November 2020 The Tasmanian government on Tuesday announced a A$2.6-million investment to investigate the feasibility of three large-scale renewable hydrogen projects in the region, with iron-ore miner Fortescue also unveiling plans for hydrogen in the region. ASX-listed Origin Energy’s export-scale green... 

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